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When renting residential or commercial property in California, a well-structured lease agreement is essential for landlords. Andrew Chung from DoorLoop highlights that the lease outlines crucial terms, protects landlord interests, and informs prospective tenants about key details such as recurring fees, pet policies, and termination terms. The lease, a legally binding contract between the landlord and tenants, specifies rules for occupying the rental unit, including monthly rent, security deposits, and other important regulations. Understanding the necessary components of the lease agreement is vital for ensuring a smooth rental process.
